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Define Fiduciary Duties in Real Estate

Fiduciary Duties: 

Fiduciary duties are the important responsibilities that someone like a real estate agent has when they're trusted to act in the best interest of their client. These duties include being honest, loyal, putting the client's needs first, and keeping their information confidential.

Example: 

A real estate agent helps a client find their dream home. While doing so, the agent has fiduciary duties to:

1. Be honest with the client about the property's condition and price.
2. Be loyal to the client and not try to sell them a more expensive house just to earn a higher commission.
3. Put the client's needs first, like finding a home in a good school district if the client has children.
4. Keep the client's personal information and budget confidential.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

Fiduciary duties, oh so grand, guide a real estate agent's hand,
To be honest and loyal, it's true, to their client, they'll see it through.

When finding a home, they must strive, to put their client's needs first and alive,
And confidential matters, they'll keep, protecting the client's secrets deep.

For these duties, they do embrace, make the agent a trusted face,
In the world of homes and land, fiduciary duties help them stand.